Mumbai: Equity benchmark BSE Sensex on Monday gained over 1 per cent on heavy buying in banking, financial and auto stocks amid rally in global equity markets, while Nifty reclaimed 18,200-level. Besides, steady inflow of foreign funds also boosted sentiment, traders said. The 30-share BSE Sensex closed at 61,764.25, up 709.96 points or 1.16 per cent. During the day, it rose 799.9 points, or 1.31 percent, to 61,854.19.
Similarly, the broader NSE Nifty climbed 195.40 points, or 1.08 per cent, to close at 18,264.40. IndusInd Bank rose 5.08 percent among Sensex companies. Other winners included Tata Motors, Bajaj Finance, Bajaj Finserv, NTPC, HCL Technologies, Mahindra & Mahindra, Axis Bank, Maruti and Kotak Mahindra Bank.
Value buying in index heavyweights Reliance, HDFC Bank and ICICI Bank added momentum. Sun Pharma, Larsen & Toubro and Nestle were the laggards. In Asian bourses, Seoul, Shanghai and Hong Kong ended with gains, while Tokyo ended with losses. Europe’s markets were trading in the green mark. US markets closed with a good gain on Friday. Foreign institutional investors (FIIs) were net buyers on Friday, buying shares worth Rs 777.68 crore, according to exchange data.
Meanwhile, global oil benchmark Brent crude climbed 1.79 per cent to $76.65 per barrel. On Monday, the rupee depreciated by 2 paise to close at 81.80 (provisional) against the US dollar. The BSE benchmark had closed 694.96 points, or 1.13 per cent, down at 61,054.29 on Friday. The Nifty closed 186.80 points, or 1.02 per cent, down at 18,069.
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